By: Mark Stern

April Real Estate Newsletter

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April 2019   Dear Friend,   Toronto Real Estate Board members reported 7,187 residential sales through TREB’s MLS System in March 2019, almost the same amount as the 7,188 sales reported in March 2018. While the number of sales remain the same, the number of new listings, homes available for sale, was down by 5.1 % year-over-year.  This lack of inventory has created a shortage...Read More

By: Mark Stern

March Newsletter

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March 2019,   Dear Friend,   No real surprises in the market, approximately the same number of sales as last February, 5,025, with approximately the same number of listings, 13,284, which is less than 3 listings for every sale, making it an overall “sellers” market as buyers have few choices when purchasing a home.   While this is an average number, the reality is that h...Read More

January Newsletter

By: Mark Stern

January Newsletter

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January 2019 Dear Friend, The Toronto Real Estate Board finished off 2018 with 3,780 sales, a little bit less than the 4,500 I predicted, and that was accompanied by 31.5% fewer new listings than December 2017, a sign that tight market conditions will continue in many neighborhoods. The Toronto market remains price segregated, with luxury properties, those over $1,500,000, being the most impacted ...Read More

December Newsletter

By: Mark Stern

December Newsletter

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December 2018 Dear Friend, Not too many surprises in the real estate market as 2018 winds down. 6,251 homes sold, down from last year’s record number, as buyers were pushed to buy earlier than planned due to the new mortgage regulations that were going into effect in the new year. The average selling price was up by 3.5% year-over-year to $788,345. I believe we have gone back to a more tr...Read More

By: Mark Stern

November Newsletter

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November 2018   Dear Friend, Experts predicted that October 2018 would have fewer sales and more homes available for sale than October 2017. It came as a surprise when the opposite occurred!  The 7,492 homes sold by Toronto Real estate Board members was 6% more than October 2017, and prices increased by 3.5% year over year. 14,431 homes were listed on the MLS system, down 2.7 % compared ...Read More

By: Mark Stern

October Newsletter

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October 2018 Dear Friend, 6,455 homes sold through Toronto’s Real Estate Board MLS® System in September 2018 – up 1.9 per cent compared to September 2017. The average selling price for September 2018 also increased by 2.9 per cent over the same period to $796,786. The Toronto market continues to be very fragmented in terms of supply and demand with some areas experiencing a Sellers...Read More

By: Mark Stern

September Newsletter

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September 2018   Dear Friend,   Another good month for sales in Toronto, as Toronto Real Estate Board members sold 6,839 homes, 8.5% more than last August with the average price also being up 4.7% over the same month last year. With only 21/2 months of homes in inventory in Toronto, by definition, it would appear to be a sellers’ market. It is in many areas, with well-priced homes ...Read More

By: Mark Stern

August Newsletter

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August 2018   Dear Friend,   Ontario might be suffering from a shortage of rain, but there was certainly no drought of buyers when it came to home sales in Toronto.   July saw almost 7,000 transactions, up 18% over last July and prices rose 4.6% July 2018 over July 2017 and the average price now stands at $788,822.   At Realtron, our sales were up 19% and we sold 941 homes from...Read More

By: Mark Stern

July Newsletter

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July 2018 Dear Friend, The Toronto Real Estate Board reported 8,082 home sales through TREB’s MLS® System in June 2018 – up 2.4% over the June 2017 result. The average selling price in June edged up by 2% on a year-over-year basis to $807,871. While this is an interesting statistic, it does not reflect the reality of the market. The average price reflects the price of homes that ha...Read More

By: Mark Stern

June Newsletter

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June 2018,   Dear Friend,   The Toronto Real Estate Board reported 7,834 sales through TREB’s MLS® System in May 2018. Not a bad month, but a little bit off the 8,500 sales that I had predicted. The average price increased slightly, and as of the end of May, stands at $785,822, down 4.5% from 2017’s year-end average price of $822,622.   But averages do not tell the w...Read More